In 2016, many people are wondering how to make money online. While the answer is not 100% secure, it’s not completely insecure, either. Truth be told, you can make a decent amount of money online if you know where to look. All you need is a bit of hustle and a whole lot of patience. That’s what’s keeping this industry alive. In this article, we will discuss six ways to make money online in 2016.
1. Start a blog
Blogs are very popular these days, and with good reason. They’re a fantastic way to create content that is useful, relevant, and hopefully, profitable. If you’ve been sitting on the fence for years about whether or not to start a blog, then this year is the right year to do so. It’s a fantastic way to make money online, and there are countless ways to monetize a blog. You could use affiliate marketing, display ads, sponsorships, and more. Essentially, you can use a blog to make money in any way you see fit.
2. Sign up for a gig-working platform
The two most popular platforms for finding remote jobs and opportunities are Upwork and Fiverr. Upwork is the more established of the two platforms, but that doesn’t mean it’s the best. With Upwork, you will need to create a profile to get started. This is a great place to find work, as long as you don’t mind doing some of the work remotely. On the other hand, Fiverr is extremely popular among traders, marketers, and bloggers. You get to choose the price you want to charge for your services, and you won’t see any money until the task is completed. This can be tricky, as it’s easy for the person on the other end of the transaction to send you the money rather than the other way around. If you’ve been trying to find a way to make a little extra cash, then working remotely through one of these platforms could be the answer you’re looking for. As a beginner, it’s always a good idea to choose a niche that is already popular and well-established. This will make it easier for you to find work, and potentially, make you a bit more money.
3. Start an online store
If you’re looking for an easy way to make money online, then you might consider starting an online store. There are plenty of online stores out there that allow you to sell your own handmade products, such as art, jewelry, or clothing. If you’ve got a creative eye and some decent design skills, then this could be a way to make money online. Additionally, you can look into selling your own handmade clothing or accessories with the popular fashion brands today. If you’ve got a store, then you can use platforms like Shopify to get all the orders and processing done for you. It’s a bit like Uber, but for online stores. You get to set your own prices and don’t have to worry about the margins as much. If you can become a go-to person for your chosen products, then this is a good way to make some money online. Plus, you get to keep 100% of the profits. What’s not to like?
4. Start an online tutoring platform
If you’re an experienced teacher or engineer with a good amount of knowledge in your field, then this could be a way to make money online. Simply start a tutoring platform, where you can teach others lessons in your field. For example, if you’re an expert web developer, then you can start a tutoring platform where you teach other web developers how to code. If you think that this will be a winning niche, then there are plenty of platforms where you can do this, including Udemy, Teachable, and many more. There are pros and cons to tutoring. For instance, you’ll need to commit to teaching a certain number of hours each week, and you won’t get paid until the lesson is completed. Therefore, you need to make sure that you have enough lessons prepared before you start selling. Additionally, if you decide to do this as a full-time job, then you’ll need to register with the government as a professional tutor. They will then issue you with a tax-identifier number, and you’ll need to collect payments and provide income statistics to the Inland Revenue. The upside with this route to making money online is that, once you’ve got your tutoring platform up and running, you can easily add more income streams by creating more lessons or adding more fields of expertise.
5. Start a YouTube channel
YouTube creators can make a lot of money, and it doesn’t necessarily require a lot of expertise. All you need is a camera, a computer, and a bit of a creative mindset. Simply make videos showcasing your expertise in a chosen field. In the tech world, a lot of YouTube creators make money from showing people how to solve technical problems via video tutorials. You could create educational YouTube videos on a variety of topics, such as web design, photography, or computer science. Additionally, you can interview subject matter experts, provide tips and advice, and show case your products or services in use.
6. Sign up for a transcription platform
Did you know that you can make money online by just listening to audio files and typing out what you hear? You might decide to try this for extra cash, especially if you’ve got a strong typing skill and can type quickly. You’ll simply need to listen to audio files of customer service calls, ad sales calls, product reviews, or any other kind of monologue you can think of. You get to pick the niche, and the work is fairly easy. Simply listen and type what you hear. You don’t need any special equipment to do this, and you don’t need any previous experience to get started.
Hopefully, this article gave you enough good ideas on how to make money online in 2016. There are plenty of ways to make a living without a degree, and many of them don’t require a lot of upfront investment. If you’ve been looking for ways to make extra cash, then consider looking into one of these six sources. If you can become a go-to person for your chosen products, then this is a good way to make some money online. Plus, you get to keep 100% of the profits.